Notice of AGM & Directorate C

RNS Number : 4647B

Braveheart Investment Group plc

18 August 2008

 



18 August 2008

Braveheart Investment Group plc

('Braveheart' or the 'Group')

Posting of Annual Report & Accounts, AGM Notice and Directorate Change 

Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that its Annual General Meeting will be held at at 12.30pm on Wednesday 10th September 2008 at the Centenary Suite, St. Johnstone Football Club, McDiarmid Park, Crieff Road, Perth, PH1 2SJ. 

The Annual Report and Accounts for the year ended 31 March 2008 will be sent to shareholders today and will be available shortly at the Group's website www.braveheart-ventures.co.uk.

At the Group's AGM, Non-executive Directors Donald Turner and Shonaig Macpherson will be retiring from the Board. Garry Watson, Chairman, commented: 'I know that shareholders will wish to join me in thanking them for their valuable contributions and support as Braveheart has made the transition from being a private 'Angel' syndicate into an AIM listed company. We are indebted to them for the expertise and enthusiasm that they have brought to Board discussion over the last few years.'

For further information please visit www.braveheart-ventures.co.uk or contact:

Braveheart Investment Group	Tavistock Communications (for Braveheart)
Geoffrey Thomson, Chief Executive	Simon Hudson / James Midmer
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.  

Braveheart's diverse portfolio currently comprises over 30 companies and it has completed over 70 deals in its eleven year history. Its exit portfolio has a compound rate of return of 33% which is driven by 6 IPOs, 4 trade sales, and ten write offs. The overall portfolio (being realised and unrealised investments) has an annual compound rate of return of 27%. 

At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade.

 

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